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SBD Global/December 18, 2013/FranchisesPrint All
Scottish League 1 Rangers CEO Graham Wallace said he "understood" Manager Ally McCoist's decision to give his shares proxy to supporters who are likely to vote against the board, according to the Scotland DAILY RECORD. McCoist has given his local East Kilbride supporters' club "the power to wield a million shares at Thursday's AGM." Wallace: "Ally feels a strong obligation that those with the best interests of the club at heart are those who have supported him as a player and a manager. His decision to give his proxy to his local supporters' group I completely understand. The manager has the full support of the board, the unanimous support of the board -- I have told him that personally" (DAILY RECORD, 12/17). The SCOTSMAN reported Wallace "has vowed that the Ibrox club won’t go to the wall again," following claims by former Dir Paul Murray. Murray "has warned fans that Rangers will go bust unless the current board is ousted at Thursday’s AGM." However, Wallace said, "That is categorically not the case." Wallace "allayed fears by reassuring fans that there were adequate funds." Wallace: “Looking at the financial position of Rangers as I have in detail there is sufficient cash in the business to meet our short to medium term needs. We have to develop a business plan that will see us over the next five years. Then we can talk to investors about additional investment.” On the subject of attracting potential investors, Wallace said, "We must show them the vision of Rangers, how we want to get competitive in Scotland and Europe again" (SCOTSMAN, 12/17).
Honda Racing Corp. Team Principal Shuhei Nakamoto has warned that "Honda would almost certainly quit MotoGP if control ECUs were made mandatory." The series "mandated the use of spec ECUs and dataloggers from the start of next year's championship, although factory outfits have an opt-out clause." Discussions about "making control ECUs mandatory for every entrant" starting in '17 are ongoing, as "series rights holder Dorna seeks to reduce costs and make it easier for new manufacturers to enter the championship" (AUTOSPORT, 12/17). ... FC Barcelona spokesperson Toni Freixa said that the club is "willing to provide information about its signing of Neymar if National Court Judge Pablo Ruz requests the details of the signing." After a "board meeting on Monday," Freixa said that the club is "very calm" regarding a "transparent and legal effort to sign a player that many teams wanted" (EFE, 12/16).